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A recent survey of community colleges found the average age of attending students to be 29. A class of 24 students has a mean age of 26 and a standard deviation of 1.6.
A curious parent observes a cereal commercial that states their product has an average of 50 pieces of real fruit per box with a standard deviation of 6 pieces per box. She decides to check the accuracy of this statement by selecting 100 boxes of cereal and counting the number of pieces of fruit in each box. The mean number of pieces of fruit for her experiment was 45 pieces of fruit per box.
Suppose that $126,000 is to be allocated for advertising, research, and investment in the ratio 10:4:2. How much money will be allocated for each?
Using least squares regression analysis, what would you estimate demand to be for each month next year?
Estimated population variance of 2 hours; for University Y, M = 4, S² =1.5 ; and for University Z, M=6, S² = 2.5. What should you conclude? Use the .05 level. Use the steps of hypothesis testing.
A random sample of 90 voters found that 38% were going to vote for a certain candidate. Find the 99% limit for the population proportion of voters who will vote for that candidate.
Different populations yield the following data. 1 = 236, 2 = 905, = 88 = 13 The sample size is 381 for both samples. Find the 85% confidence interval?
What is the probability that there will be more than three trucks either being loaded or waiting?
This problem involves calculating and interpreting the 95% confidence interval for a proportion. While you can use SPSS to determine proportions, you need to calculate the confidence interval by hand.
At the .10 significance level, can we conclude that less than 88 percent of the orders are delivered in less than 10 minutes. What is the decision rule?
Flights arriving at the airport spend anywhere from 50 to 130 minutes in security before unloading passengers. If the unloading times follow the uniform probability distribution, find the average unloading time.
Compute the z score for the data company. Considering the altman model, comment on the likelihood that this firm will experience financial failures.
Blockbuster is testing a new policy of waiving all late fees on DVD rentals using a sample of 10 randomly chosen customers.
Avid poker player sees 100 hands a week, 52 weeks a year, for 20 years. What is the probability that she sees a royal straight flush dealt at least once?
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